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WaMu Master Rating Affirmed.(Brief Article)
Fitch Ratings has affirmed the residential mortgage master servicer rating of Washington Mutual Mortgage Securities Corp. at "RMS2+."
Fitch said the rating is based on WaMu Securities Corp.'s 25 years of master servicing experience, seasoned management team and reliable proprietary technology. The rating also reflects the financial strength of the company's parent firm, Washington Mutual Inc., which is rated "A" by Fitch.
Washington Mutual Securities Corp.'s master servicing operation is based in Vernon Hills, Ill. As of Nov. 30, 2003, the company's master servicing portfolio consisted of more than 454,000 loans, totaling approximately $101.4 billion, an ...
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Source: HighBeam Research, WaMu Master Rating Affirmed.(Brief Article)